English   Danish

2020/2021  KAN-CMIBO1034U  Management Control and Finance

English Title
Management Control and Finance

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course Spring, Third Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Cristiana Parisi - Department of Operations Management (OM)
Main academic disciplines
  • Innovation
  • Accounting
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 25/01/2021

Relevant links
Learning objectives
This course enables students to identify, understand and address management control issues in innovative organisations particularly concerning calculation, planning, delegation, co-ordination, and financing. At the end of the course students should have an understanding of the role that management accounting and finance plays in innovative organisations. Students should be familiar with the managerial technologies covered by course curriculum. Moreover, in addition to displaying knowledge of principles and elements in the different technologies, the student should be able to understand the strategic and organizational implications of implementing and using the various managerial technologies.

This implies that, at the exam, students should demonstrate:
  • Knowledge of the various managerial technologies, their elements and principles
  • The ability to relate and compare the various managerial technologies
  • An understanding of the relevance of the various managerial technologies and their effect on strategy and organisation
  • The ability to reflect critically on the theories, their underlying assumptions and their applications
  • The capability to provide a reflected analysis of the pros and cons of the different theories, concepts, and systems discussed in the course
  • The ability to properly apply the theories and concepts learned in the course to case examples
  • The capacity of presenting their thoughts and analysis in a well-structured and clear manner
Examination
Management Control and Finance:
Exam ECTS 7.5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Duration 24 hours to prepare
Grading scale 7-point grading scale
Examiner(s) Internal examiner and second internal examiner
Exam period Spring
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content, structure and pedagogical approach

The course focuses on various management technologies and mechanisms – such as target cost management, Activity Based Costing and financial forecasting that allow phenomena such as innovation, flexibility, and knowledge to be described so as to make them manageable. Management control and finance make visible the portfolio of innovation and knowledge assets, their development, and the monitoring of their effects.

Topics include calculation of economic performance, control of innovation, pricing, strategic alignment through performance measurement and strategy mapping. They also include concerns about financing of entrepreneurial firms and the mobilisation of venture capital.

The course builds on knowledge from the first semester courses in the MIB program.
Description of the teaching methods
The course combines dialogue lectures, case work and considerable amounts of student activity in the form of group work and discussions of problems discussed in the literature.
Feedback during the teaching period
Assignment 1: Written group home assignment
Take home assignment to be solved in groups of 4-5 students. The assignment will consist of specific questions involving calculations and a critical discussion around central topics of the course curriculum. This assignment will help the students test their critical understanding of the course curriculum in line with the course learning objectives. Oral feedback will be provided in class.

Assignment 2: Written home assignment with student and instructor feedback.
This take home assignment will consist of the solution to specific cases covering the key topics of the course. Students will be asked to work in groups of 4-5 and they will be expected to present the solution of the case to the class with a slide show presentation. Prior to the presentation, each group will have to provide a maximum 2 standard page solution of the assignment to the instructor and to two other groups previously identified by the instructor. The groups assessing the solution and the presentation of their peers will have to provide written feedback based on the learning objectives of the course. More specifically, they are expected to provide a one-page written feedback to the presenting group and to the instructor after the presentation. The final assessment of each group will take into account both the presentation and the feedback given to other students.
Student workload
Teaching 36 hours
Preparation 70 hours
Exam 100 hours
Expected literature

Zimmerman, J. L. Accounting for Decision Making and Control,

New York: McGraw Hill, latest ed. (Paperback version)

 

Journal articles listed in the course Syllabus.
Last updated on 25/01/2021